Innovator U.S. Equity Power Buffer ETF – April (BATS:PAPR) Sets New 52-Week High – Should You Buy?

Innovator U.S. Equity Power Buffer ETF – April (BATS:PAPR) hit a new 52-week high on Friday . The stock traded as high as $42.55 and last traded at $42.55, with a volume of 14739 shares changing hands. The stock had previously closed at $42.37.

Innovator U.S. Equity Power Buffer ETF – April Price Performance

The firm has a market cap of $962.17 million, a price-to-earnings ratio of 24.09 and a beta of 0.43. The business has a 50-day moving average of $42.18 and a 200-day moving average of $40.85.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Dynamic Advisor Solutions LLC acquired a new stake in shares of Innovator U.S. Equity Power Buffer ETF – April in the 2nd quarter valued at approximately $322,000. CoreCap Advisors LLC grew its stake in shares of Innovator U.S. Equity Power Buffer ETF – April by 6.5% in the second quarter. CoreCap Advisors LLC now owns 114,078 shares of the company’s stock valued at $4,814,000 after buying an additional 7,010 shares in the last quarter. Cornerstone Wealth LLC TN acquired a new position in Innovator U.S. Equity Power Buffer ETF – April during the first quarter worth $1,145,000. Cassady Wealth & Retirement Planning LLC increased its holdings in Innovator U.S. Equity Power Buffer ETF – April by 94.5% during the first quarter. Cassady Wealth & Retirement Planning LLC now owns 210,051 shares of the company’s stock worth $8,734,000 after buying an additional 102,081 shares during the last quarter. Finally, Arkadios Wealth Advisors raised its position in Innovator U.S. Equity Power Buffer ETF – April by 29.7% during the first quarter. Arkadios Wealth Advisors now owns 20,352 shares of the company’s stock worth $810,000 after acquiring an additional 4,660 shares in the last quarter.

Innovator U.S. Equity Power Buffer ETF – April Company Profile

The Innovator S&P 500 Power Buffer ETF – April New (PAPR) is an exchange-traded fund that is based on the S&P 500 Price Return index. The fund aims for specific buffered losses and capped gains on the S&P 500 over a specific holdings period. The actively-managed fund holds options and collateral. PAPR was launched on Apr 1, 2019 and is managed by Innovator.